Prime Minister of the Libyan Government-designate Osama Hammad has described the unified public spending agreement as a key milestone that opens a new phase of coordinated governance and economic reform in Libya.
In an official statement, the government said the agreement reflects the ability of Libyans to overcome political divisions when there is a shared vision for the country’s future.
It emphasized that the unified spending framework is based on transparency and fiscal discipline, aiming to improve the efficiency of public expenditure, strengthen confidence in the national economy, support exchange rate stability, and protect state resources.
The government noted that the agreement represents an important step toward completing efforts to unify the national budget under recognized financial and banking standards. It described the deal as a turning point in the process of unifying state institutions and enhancing economic stability after years of fragmentation.
According to the statement, the unified spending framework will serve as a foundation for launching balanced development programs across all regions. Authorities said the initiative is designed to ensure fair distribution of resources, improve public services, and support reconstruction and long-term development.
The government reaffirmed its commitment to maintaining close coordination with the Central Bank of Libya and other relevant institutions to ensure effective implementation. It stressed the importance of strengthening governance, promoting financial sustainability, and ensuring proper oversight of public funds.
Central Bank Governor Naji Issa described the agreement as more than a financial arrangement, calling it a reflection of national consensus and cooperation.
